Tax & law
Which status to collect income under when you're starting out
Sole proprietorship, company, or side income: the right choice depends on one threshold and one question.
Regularly collecting membership income constitutes an economic activity, even a modest one. The question isn't whether you need a status, but which one.
Highly variable depending on country and situation. Check with an accountant.
The question to ask yourself
Is your membership income likely to exceed a side salary within eighteen months? If not, the simplest status is enough, and you can change later. If so, get advice now: switching structures after the fact costs more than choosing well from the start.